LSE group: Credit Suisse reduces target price
(CercleFinance.com) - Credit Suisse reinstates its "outperform" rating of the London Stock Exchange (LSE) Group share, having reduced its corresponding target price from 100 pounds to 95 pounds, in the wake of Friday's annual results and the new targets provided by the British stockmarket operator.
"We believe the share price fall (-14%) on Friday was too extreme," the broker says, which is reducing its 2021 EBITDA estimate by just 3% is maintaining its estimates for 2022. It says that worries about the group's outlook are unjustified.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
"We believe the share price fall (-14%) on Friday was too extreme," the broker says, which is reducing its 2021 EBITDA estimate by just 3% is maintaining its estimates for 2022. It says that worries about the group's outlook are unjustified.
Copyright (c) 2021 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.